Table 15: Average Annual Wages 1995-2008

Table 15: Average Annual Wages 1995-2008

Historical Forecast

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Mining $43,671 $44,926 $47,064 $47,675 $49,621 $51,079 $52,281 $53,486 $54,692 $55,901 $57,112 $58,325 $59,541 $60,759

Percent Change 2.9% 4.8% 1.3% 4.1% 2.9% 2.4% 2.3% 2.3% 2.2% 2.2% 2.1% 2.1% 2.0%

Construction $23,801 $24,634 $25,513 $26,844 $28,574 $29,258 $29,583 $29,888 $30,173 $30,442 $30,695 $30,934 $31,160 $31,374

Percent Change 3.5% 3.6% 5.2% 6.4% 2.4% 1.1% 1.0% 1.0% 0.9% 0.8% 0.8% 0.7% 0.7%

Manufacturing $26,557 $29,474 $30,725 $32,197 $31,938 $33,235 $34,461 $35,663 $36,842 $38,001 $39,142 $40,265 $41,373 $42,468

Percent Change 11.0% 4.2% 4.8% -0.8% 4.1% 3.7% 3.5% 3.3% 3.1% 3.0% 2.9% 2.8% 2.6%

TCPU^* $31,612 $31,664 $33,283 $34,437 $34,590 $36,618 $38,426 $40,245 $42,088 $43,958 $45,856 $47,782 $49,738 $51,724

Percent Change 0.2% 5.1% 3.5% 0.4% 5.9% 4.9% 4.7% 4.6% 4.4% 4.3% 4.2% 4.1% 4.0%
Trade $14,136 $14,550 $15,277 $16,234 $16,684 $17,108 $17,417 $17,716 $18,006 $18,287 $18,559 $18,824 $19,083 $19,334

Percent Change 2.9% 5.0% 6.3% 2.8% 2.5% 1.8% 1.7% 1.6% 1.6% 1.5% 1.4% 1.4% 1.3%

FIRE^** $25,406 $27,247 $28,956 $29,326 $31,279 $32,462 $33,431 $34,378 $35,307 $36,217 $37,111 $37,988 $38,850 $39,699

Percent Change 7.2% 6.3% 1.3% 6.7% 3.8% 3.0% 2.8% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2%

Services $17,660 $18,048 $18,710 $19,411 $20,034 $21,054 $22,162 $23,450 $24,962 $26,758 $28,908 $31,502 $34,653 $38,497

Percent Change 2.2% 3.7% 3.8% 3.2% 5.1% 5.3% 5.8% 6.5% 7.2% 8.0% 9.0% 10.0% 11.1%

Government $24,309 $24,708 $25,391 $26,305 $26,894 $27,975 $29,020 $30,105 $31,232 $32,403 $33,620 $34,883 $36,196 $37,560

Percent Change 1.6% 2.8% 3.6% 2.2% 4.0% 3.7% 3.7% 3.7% 3.7% 3.8% 3.8% 3.8% 3.8%

Total $25,894 $26,906 $28,115 $29,054 $29,952 $31,099 $32,098 $33,116 $34,163 $35,246 $36,375 $37,563 $38,824 $40,177

Percent Change 3.9% 4.5% 3.3% 3.1% 3.8% 3.2% 3.2% 3.2% 3.2% 3.2% 3.3% 3.4% 3.5%

* Transportation, Communications, & Public Utilities.
** Finance, Insurance, & Real Estate.

Wages and Income | Labor Market Information | Economic Analysis Division

	Historical				Forecast
	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008

Mining	$43,671	$44,926	$47,064	$47,675	$49,621	$51,079	$52,281	$53,486	$54,692	$55,901	$57,112	$58,325	$59,541	$60,759
Percent Change		2.9%	4.8%	1.3%	4.1%	2.9%	2.4%	2.3%	2.3%	2.2%	2.2%	2.1%	2.1%	2.0%
Construction	$23,801	$24,634	$25,513	$26,844	$28,574	$29,258	$29,583	$29,888	$30,173	$30,442	$30,695	$30,934	$31,160	$31,374
Percent Change		3.5%	3.6%	5.2%	6.4%	2.4%	1.1%	1.0%	1.0%	0.9%	0.8%	0.8%	0.7%	0.7%
Manufacturing	$26,557	$29,474	$30,725	$32,197	$31,938	$33,235	$34,461	$35,663	$36,842	$38,001	$39,142	$40,265	$41,373	$42,468
Percent Change		11.0%	4.2%	4.8%	-0.8%	4.1%	3.7%	3.5%	3.3%	3.1%	3.0%	2.9%	2.8%	2.6%
TCPU^*	$31,612	$31,664	$33,283	$34,437	$34,590	$36,618	$38,426	$40,245	$42,088	$43,958	$45,856	$47,782	$49,738	$51,724
Percent Change		0.2%	5.1%	3.5%	0.4%	5.9%	4.9%	4.7%	4.6%	4.4%	4.3%	4.2%	4.1%	4.0%
Trade	$14,136	$14,550	$15,277	$16,234	$16,684	$17,108	$17,417	$17,716	$18,006	$18,287	$18,559	$18,824	$19,083	$19,334
Percent Change		2.9%	5.0%	6.3%	2.8%	2.5%	1.8%	1.7%	1.6%	1.6%	1.5%	1.4%	1.4%	1.3%
FIRE^**	$25,406	$27,247	$28,956	$29,326	$31,279	$32,462	$33,431	$34,378	$35,307	$36,217	$37,111	$37,988	$38,850	$39,699
Percent Change		7.2%	6.3%	1.3%	6.7%	3.8%	3.0%	2.8%	2.7%	2.6%	2.5%	2.4%	2.3%	2.2%
Services	$17,660	$18,048	$18,710	$19,411	$20,034	$21,054	$22,162	$23,450	$24,962	$26,758	$28,908	$31,502	$34,653	$38,497
Percent Change		2.2%	3.7%	3.8%	3.2%	5.1%	5.3%	5.8%	6.5%	7.2%	8.0%	9.0%	10.0%	11.1%
Government	$24,309	$24,708	$25,391	$26,305	$26,894	$27,975	$29,020	$30,105	$31,232	$32,403	$33,620	$34,883	$36,196	$37,560
Percent Change		1.6%	2.8%	3.6%	2.2%	4.0%	3.7%	3.7%	3.7%	3.7%	3.8%	3.8%	3.8%	3.8%

Total	$25,894	$26,906	$28,115	$29,054	$29,952	$31,099	$32,098	$33,116	$34,163	$35,246	$36,375	$37,563	$38,824	$40,177
Percent Change		3.9%	4.5%	3.3%	3.1%	3.8%	3.2%	3.2%	3.2%	3.2%	3.2%	3.3%	3.4%	3.5%